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At a price of $8 per ticket, a musical group can fill every seat in the theatre, which has a capacity of 1500. For every additional dollar charged, the number of people buying tickets decreases by 75. Use calculus to find what ticket proce maximizes revenue. Be sure to check your second order condition.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M966113

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